The Department of Homeland Security (DHS) shifted the focus of airport security in 2004 to incorporate the need to continuously and rapidly adapt security to shifting threats. MIT...
The use of the Operation Process Simulation (OPS) for Six Sigma Projects (SSP) can illustrate visual display of the process by enabling to define, measure, analyze and improve the...
This paper investigates the effects of demand risk on the performance of supply chain in continuous time setting. The inventory level has been modeled as a jump-diffusion process ...
Our focus is on efficient estimation of tail probabilities of sums of correlated lognormals. This problem is motivated by the tail analysis of portfolios of assets driven by corre...
Jose Blanchet, Sandeep Juneja, Leonardo Rojas-Nand...
Proposed and developed is a framework and an extensible library of simulation modeling components for strategic sourcing and transportation. The components include items, supplier...